Question

1. How does a manager want to achieve his objectives?
a) Efficiently
b) Effectively
(c) Efficiently and effectively
(d) None of the above​

Answer 1

Answer:

Question 1. An efficient control system helps to

(a) accomplishes organisational objectives

(b) boosts employee morals

(c) judges accuracy of standards

(d) All of the above

Answer (d) Efficient control system helps to accomplish objectives. boosts employee morals. judges accuracy of standards. analyse deviations.

Question 2. Controlling function of an organisation is

(a) forward looking

(b) back moral looking

(c) forward as well as backward looking

(d) None of the above

Answer (c) Controlling is forward looking because it does not end only by comparing past performance with standards. Controlling is backward looking because It postmortems all past activities to set future standards.Thus, controlling is both forward as well as backward looking.

Question 3. Management audit is a technique to keep a check on the performance of

(a) company

(b) management of the company

(c) shareholders

(d) customers

Answer (b) The purpose of management audit is to review the efficiency and effectiveness of management of the company.

Question 4. Budgetary control requires the preparation of

(a) training schedule

(b) budgets

(c) network diagram

(d) responsibility centres

Answer (b) Budgetary control is a technique in which all operations are planned in advance in the form of budgets.

Question 5. Which of the following is not applicable to responsibility accounting?

(a) Investment centre

(b) Accounting centre

(c) Profit centre

(d) Cost centre

Answer (b) Accounting centre is not applicable to responsibility accounting

Explanation:

plz mark as

Answer 2

Answer:

The correct option is C.

Explanation:

The following are the objectives of management-

1. Getting maximum results with minimum efforts- The fundamental goal of management is to secure the Most Outputs with the Fewest Resources & Efforts. The core of management is thinking strategically and making the best use of available people, material, and financial resources. Multiple costs are reduced as a result of this combination.

This shows that the management focuses on doing the task effectively with less efforts and in less time.

2. Increasing efficiency of factors of production - By properly utilising the different production factors, their efficiency can be greatly increased, which can be accomplished by lowering spoilage, wastages, and breakage of all kinds. This results in time, effort, and money savings, all of which are crucial for the expansion and prosperity of the business.

This shows that the management focuses on doing the task efficiently by fuller and appropriate utilisation of resources.

Hence we can conclude that, the manager wants to achieve its objective effectively and efficiently.

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